North Carolina Medical Care Commission to sell $50.55 million in bonds for Blue Ridge Health Care

By Sheri Kasprzak

New York, Sept. 9 - The North Carolina Medical Care Commission is expected to price $50.545 million in series 2010A health-care facilities revenue refunding bonds for Blue Ridge Health Care, said a preliminary official statement.

The bonds (A3/A/) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager and Barclays Capital Inc. as the co-manager.

The bonds are due 2011 to 2020 with term bonds. The term maturities have not been set.

Proceeds will be used to refund existing debt.

The commission, based in Raleigh, adopts, rescinds and recommends rules and regulations for the state's health-care providers and provides funding for health-care facilities.

Blue Ridge Health Care is based in Morganton, N.C.

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